Accounting Essay Examples and Topics. Page 4

The company selected for the current assignment is Walmart Inc.that is based in the United States but operates in the global market.

The critical element of the analysis is to assess which of the two models is beneficial for the buyer. The contribution margin of the hybrid car relative to the traditional vehicle is calculated by subtracting [...]

As loopholes in the legislation are discovered and eliminated, practices that were formerly legal but belonged to the realm of creative accounting may become illegal and fraudulent.

The IAS 16 allows both historical cost and valuation methods in accounting for tangible non-current assets based on asset recognition and measurement. The procurement cost of equipment is a valid cost, and the asset cost [...]

The analysis of the advantages and disadvantages of historical cost and revaluation models seems to highlight greater reliability of fair value than historical cost.

Inventory Turnover = Cost of Goods Sold / Inventory The formula can be used to calculate the inventory turnover for 2017 and 2018.

The objectives of the audit are to identify and describe the objectives of the audit engagement and services that will be provided to the client by the audit team and to define the responsibilities of [...]

This is the basic report as it reflects the company's activities related to the production and distribution of its products and services.

Thus, it is essential to understand the value of a cash flow statement and ensure that a company calculates the ratios on a regular basis.

First and foremost, the Internet and various new portals provide relevant financial reports, which is especially important for investors as they have to be aware of all the changes that happen in the market and [...]

In order to get new financing, it is necessary to analyze the situation of the company and present enough evidence concerning future abilities to return the money.

Discount factor for year 0=1/ 0 = 1/1 = 1 Discount factor for year 1=1/ 1= 1/1. 962 Discount factor for year 2=1/ 2 = 1/1.

It is possible to allocate all fixed costs for manufactured Product A and Product B with the help of the activity-based costing method.

For purposes of this report, we only focus on the planning phase, which includes five main steps - understanding the organization's internal control processes, assessing the risk of material misstatements, planning the materiality level, developing [...]

The net income of the company has grown substantially in the past two years, which means that the company was able to manage its expenses effectively to account for the reduction of product revenue.

The most basic and standard type of financial report that every business is expected to maintain is called a balance sheet.

This section analyzes and discusses the financial condition of the Microsoft Corporation with the purpose of elucidating in detail the outcomes of the operations carried out by the company, as well as the financial performance [...]

The audit procedures we undertook when investigating the audit risk areas of Wesfarmers are about the context of our audit process and our analysis of the financial statement of the company as a whole.

An annual report is a report that a company gives to its stakeholders in order to acquaint them with the company's operations and financial variables for a particular year.

It appears logical to regard surveys as some kind of monitoring tool for the mental processes of the buyers; the key aim of such a survey would consist in understanding what has caused a customer [...]

FIFO implies the assignment of previous expenses to the cost of goods sold and revenues, as new purchases are set to list.

It was these scandals as well as unethical accounting practices that prompted the United States government to enact laws that aim to curb the occurrence of such behavior in the future.

The economic conditions resulted in a decline in the ability of the customers to repay their loans on time. The value further declined to $271,961 in 2009, an equivalent of a 20.

The cost of the services will depend on the amount of work that we are to accomplish and the level of expertise required.

Let's analyze the two options in terms of liquidity, profitability, breakeven point; This is the availability of funds to meet short term and long term financial liabilities as they fall due.

Given that PSGT is a large corporation with capability to expand to global markets; it is likely that its network will be extremely wide.

From the table, in 2006, the net cash flow used in financing activities amounted to US$ million. From the table, in 2006, the net cash flow used in investing activities amounted to US$ million.

Socially, the company helps in the advancement of quality standards in the food industry, safety standards in the workplaces, improvement in retail technology, and aiding charities by direct donations.

A budget enables an individual to forecast the amount of money to be realized upon the execution of a given undertaking. A part of the income from the company will be used to cater for [...]

Therefore, it is evident that the output of the hospital is diverse and calls for the use of a job order costing system.

The primary purpose of accounting is to provide useful and detailed intelligence for those who want to use the information to make critical decisions.

During such evaluations, creditors need to know how much debt can be realistically paid from the revenue of the business, duration, and profitability of the business, the existing credit and various credit limits, assets of [...]

For healthcare organizations, the following documents must be considered a necessity: a statement of financial position, a balance sheet, a statement of cash flows, a statement of operations, a statement of change in net assets, [...]

Thus, the high gearing level increases the value of ROE. Thus, the resulting values of ROE are -0.

The contribution margin is the amount of income after the fixed costs have been met. Caldwell and Welch describe CM as the amount of income that the company realizes less the fixed costs.

Risk-based auditing, as one of the types of the internal auditing process, involves the thorough analysis and management of threats that can undermine the organization's successful work.

Overall, success in senior accounting is attributed to the openness to new experiences and the pursue of knowledge. In researching the topic of becoming successful in senior accounting, one is recommended to pay attention to [...]

Investors and stakeholders can utilise financial statement examination to assess the past and current financial operations of their business, analyse an existing money related issues, and gauge future patterns in the firm's budgetary position.

BPP Learning Media emphasises that while the auditor may provide recommendations to the board of directors of a particular company, the purpose of the report is to only display factual information.

In business operations, the term Cash Conversion Cycle refers to the average time that elapses when a business enterprise makes a payment for particular inventory investment and the time when the agency receives payment on [...]

The Balanced Scorecard is a tool utilized in corporations for the purpose of compensating workers in a way that is beneficial for both the management and the workforce. Usually, achievement of the goals and objectives [...]

The brief analysis of literature makes it possible to conclude that the Balanced Scorecard system is suitable for bigger organizations and, in any case, requires the adaptation to the organizational features.

Effective planning is one of the key pillars of this process and focuses on essential areas of the audit such as ensuring that there is adequate allocation of resources to the auditing procedure.

The greater the degree of separation in verification, the stronger the conservatism. Overall, the benefits to conservatism are united by the principle of limiting payouts and meticulous verifiability of profits, which aid in providing accurate [...]

In the current report, the cash budget of Earth Ltd.is prepared based on its cash inflows and cash flows. The data of Earth Ltd.is used for preparing different budgets including production budget, sales budget, direct [...]

However, Tietjen bemoan the fact that in a real-world setting, the accountants do not have absolute power to remain independent in terms of choosing and utilizing the most appropriate accounting parameters for the purpose of [...]

Financial accounting is a number of certain operations in any business or profitable organization that are intended to summarize, analyze, and report every transaction that is somehow related to the company's activity.

The initial evaluation of the company highlighted the failure to include inventory write-downs in the financial records. It is essential to note that the latter action could lead to the imprisonment of the concerned officers [...]

The main goals of this paper are to discuss factors that predict disclosure levels in Mexico and explain the underlying causes of recent improvements in accounting measurement and disclosure practices in the country.

The incorporation of the Lean Management principles and the concept of sustainable resource usage should be viewed as the means of helping the firm retain its position and address the issue of the debt.

The strategic assessment will be used to provide the management of Central World with analysis and guidance on the best alternatives available to help the company to start trading again.

The first issue is the fact that the loan agreement might be brought to an end by the insurance company. Therefore, the paychecks might be provided to the workers once the balance is approved by [...]

In case the assistant controller would comply with the instructions of the financial vice president and wait one more day, it is possible to suggest that he or she would be fired because of insubordination [...]

Exactly how a costing system impacts corporate sustainability is a critical issue to consider since it is directly related to the success of the company's activities, the applicability of its strategies, and the marketability of [...]

The Finance Director may be the final person to cross-check the accounting work and submit to the board for strategy making.

This paper outlines the efforts that have been made by both the FASB and the IASB in the movement towards uniform fair value measurement for financial instruments and the differences between the two organizations' approaches.

This phase delineates all the activities related to the process of documenting all the available financial information and entering it into the database of the company1. The fourth stage of the accounting cycle is the [...]

The paper will also evaluate the design of internal controls for the sales process of the company. The diagrammatic representation of the process has helped the auditor to analyze the strength and weaknesses of controls [...]

It is the responsibility of the directors to ensure that the licenses for the casinos are not taken at a higher value than the recoverable value.

Accounting plays a huge role when it comes to budgeting, cost management, appraisals, and corporate accountability and governance, and quality control in the economy of the United States.

Moreover, analysis of recent financial statements for a definite period of time can be used to forecast the future performance of a business entity.

However, to create a sustainable method of arranging and using the corporate resources, one must not only be able to identify the essential components of the accounting equation but also study the unique characteristics of [...]

In order to make big data and analytics a part of the auditing process, it is necessary to indicate what type of audit evidence is derived with their help.

As a rule, the area of financial accounting is restricted to the creation and further analysis of the company's financial statements.

In order to better understand factors that influence the determination of external audit fees for Walgreens and CVS Health it is necessary to consider key characteristics of the companies.

Furthermore, the requirements for the CIA have to be determined to understand the necessity of education and certification to become a professional in the future in Georgia.

The authors maintained research trying to identify a system that provides the most benefit to the organization and stopped on the utilization of the long-term variable cost.

The next stage of the audit consists of conducting extensive fieldwork and checking the internal controls of the audit. The fifth stage of the audit is the creation of a report that dwells on the [...]

The aim of this analysis is to use Cost-Volume-Profit tool for determining the impact of the change in the number of students on the organization's operating profit.

Therefore, financial accounting is highly strict when it concerns the reliability of data used in the reports. In managerial accounting, the demand for information reliability is not as high as it is in financial accounting.

The criticality of such events and their impact on the parent and subsidiaries are the reasons they have to be disclosed as per GAAP.

The cost of manufacturing a product is critical in the computation of inventory, making pricing decisions and in analyzing the profit that is derived from the manufacturing process.

While the specified precaution measures might seem redundant for an organization of a comparatively small size, where bureaucracy is unlikely to be a problem, a quarterly account of the financial moves made is essential for [...]

In this business capstone project research, the topic of the provision of accounting services to university and college students by a Sydney accounting firm is chosen for discussion to understand if it is profitable for [...]

It is critical that the human contribution towards the growth of the organization becomes part of the positive inflow in the financial statements.

The main reason for the use of the mixed measurement model is flexibility. Thus, it is a tool that is used by the management to maximize the value of the firm.

TripAdvisor can implement the TDABC to determine utilization of capacity for travel and booking. TripAdvisor can go further to calculate the cost of every time unit for every employee based on service delivery and employees' [...]

Before any sale, the ownership of goods or services is the entity that is selling or providing to the buyer. The work of the agent is to source for the airline the fits the customer's [...]

The paper seeks to discuss extensively the treatment of research and development costs. The company should be able to estimate the cost of the asset.

The primary goal of financial reporting is the provision of financial statements to the relevant uses for the purpose of making credit and informed investment decisions.

The overall losses in revenues and current assets can be attributed to the economic crisis of 2008, which resulted in the reduction of demand for the company's services.

The purpose of the research proposal is to outline a research project that will assess the prevalence of managerial accounting tools and methods used in the UAE telecommunications sector in order to determine the preferred [...]

In this instance, the primary goal of the paper is to develop a financial plan for three years, and it has to cover suggesting relevant financial ratio and evaluating the ability of the organization to [...]

Eliminate worker autonomy, increase daily targets and productivity by 70% - 30 points. Decrease worker autonomy, increase daily targets and productivity by 65% - 20 points.

The preparation of financial plans of a company in terms of proceeds, as well as costs and then relating them with the definite outcomes to obtain the variations in the firm's operations, comes with several [...]

Generally Accepted Accounting Principles and the Sarbanes-Oxley Act provide the sets of the accounting principles, standards, and procedures which the companies apply to form the financial reports GAAP is the combination of the authoritative standards [...]

The first phase entails the study of the existing management accounting system and an examination of how the costs and revenue opportunities occasioned by the environmental impacts are treated within this system.

The farming industry of the nature of John and Mary falls in this category however with such a management accounting system like the one portrayed, then the management is likely to be more easy and [...]

In order to address these issues, one needs to define the earnings management in accounting and standards setting, to analyze the earning management incentives, and to differentiate the ways to test distribution of reported earnings [...]

The main reason for the involvement of the companies in the earnings management activities and manipulations with the reported accounting is their belief that other players in the financial arena consider earnings the main indicator [...]

The gray earnings management is more opportunistic than the white one; it is in pursuit of the economic efficiency and gain for the company that provides the report.

There is a growing number of concerns about the degree to which practices of earnings management are related to fees auditors receive for the provision of non-audit services.

Authored by Burgstahler, Hail, and Leuz and published in the Journal of Accounting Review, the article, "The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms" investigates the mechanism through which issues [...]

Their goal was to identify the causes and consequences of manipulation of earnings in companies. Secondly, the authors established the relationship between the weaknesses of firms' governance structures and earnings manipulation.

Tucker and Zarowin investigate the influence of the smoothing the earnings in the financial reports on the accounting informativeness. The main proposition is that earnings smoothing enables the managers to make more use of representing [...]

While traditionally, income smoothing is associated with the factor of the company's current performance, it is also important to distinguish the correlation with the forecasts about the company's future and the anticipations of the external [...]

The most common assumption among the researchers of the accounting decision-making and incentives of the earnings management is that the approaches used by the managers involved in the earnings manipulation differ depending on the impression [...]

The classification shifting is a means of misreporting the core expenses of the company as the special items to meet the analysts' forecasts.

Nevertheless, according to the studies, the personal characteristics of the CEOs can be associated with the style of their financial reporting and, therefore, the tendencies of earnings management.

Accounting information is the process of identifying, recording, and communicating relevant, reliable, and comparable information about all business activities in an organization.

In a bottom-up approach, financial forecasting and reviewing of the same as part of the budget management process is critical. The advantage of including managers in the budgeting process is that a good communication between [...]

It should be noted that this standard was adopted in response to the criticisms of the previous rules set by the PCAOB.

The greatest interest of the managers is to evaluate the value of revenue and expenses to determine the financial strengths of the business.

The automation of the accounting system will save the cost associated with employing more workers as the system will manage the clients and the staff.

The code of professional conduct for accountants and auditors is developed by the American Institute of Certified Public Accountants and other relevant stakeholders with the view to setting out the philosophy that inspires the rules [...]

It might not, however, be relevant to the 21st century organizations because of the new methods that have been developed both in accounting and for costing.

This is the organization that represents and regulates the activities of these professionals in the country. The organization is also tasked with the duty of improving the standards of the quality of education that is [...]

In awarding loans to the organisation, the bank will not claim any ownership spot in the group; they do not assign their personnel to monitor the operations of our organisation once they grant us the [...]

The author observes that a raft of measures and auditing rules were recently adopted to address the loopholes in the management of earnings in corporations.

Financial control is "the control of financial resources as they flow out or into the organization". An income statement is a financial document summarizing the actual performance of an organization within a specified period.

Overall, one can argue that this method of accounting should not be regarded as the underlying cause of the sub-prime crisis.

The paper begins with a brief overview of the adoption of IFRS and the progress made so far in the adoption process.

Technological elements such as accounting software and accounting application devices also play a significant role in the CPA. The introduction of the first computer in the 20th century and its advancement for over 50 years [...]

In this respect, the person that can be a member of the Board of Directors in the Qualitas of Life Foundation should be knowledgeable in administration and accounting, certain financial issues though the basics of [...]

The IASB also promotes the application and use of different accounting standards. These new accounting standards 'have the potential to make the earnings of companies more volatile'.

End-users refers to the all the stakeholders that might be interested in the financial statements of a company. It is rather important to have a clear understanding of the problem in this case.

The article by Halbouni and Hassan that is titled "The Domination of Financial Accounting on Managerial Accounting Information: An Empirical Investigation in the UAE" is devoted to the topic of the relationship between financial accounting [...]

Thus, shareholders in a publicly listed company are likely to establish the company's reputation from the caliber of the company's auditors.

In addition, the efficiency would enable the entity to exploit the opportunities, which are available while selecting and applying the accounting policies.

The main drivers of this incentive will be the position of the employee, which will be the accounting clerk, the experience, which the holder may or may not have, and sustained performance, which will be [...]